A.P. Moller-Maersk has signed a deal to sell a 24 percent stake in APM Terminals Zeebrugge to China Shipping Terminal, the company said.

APM Terminals said in a statement it would remain the majority shareholder.

The unit owns 75 percent of APM Terminals Zeebrugge, after it sold 25 percent to Shanghai International Port Group in 2010.

The Port of Zeebrugge is the fifth-busiest in Northern Europe, and APM Terminals handled approximately 17 percent of the port's traffic last year.

The deal is scheduled to be finalized by the end of June. (Reuters)